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AI & Hardware Technologies

• Apple Plans Cheaper Vision Pro, But With Compromises

• Intel Eyes Anchor Investment in Arm's Upcoming IPO

• TSMC Reports Record High May Revenue

Digital Commerce, Entertainment & Social Platforms

• Google's Ad Tech Under Renewed EU Antitrust Scrutiny

• FTC to Challenge Microsoft's Activision Acquisition

• Twitter's New Era: Linda Yaccarino Unveils "Twitter 2.0" Vision

SaaS, Cloud & Cybersecurity

• Salesforce Develops Extensive AI Product Suite to Propel Next Tech Boom

• Oracle Showcases Q4 Cloud Prowess and Promising AI Developments

Venture capital, Fintech & Business

• Surge in Bankruptcies Among Private Equity-Backed Companies

• Robinhood's Crypto Trading Volume Dips 68% to $2.1B in May

🤖 AI & 🖥️ Hardware Technologies

Apple Plans Cheaper Vision Pro, But With Compromises

According to Bloomberg, Apple is reportedly developing a less expensive version of its $3,499 Vision Pro headset. Expected to arrive by late 2025, the budget model might feature downgraded components such as lower-resolution displays and less-powerful chips. Meanwhile, a higher-end successor to the Vision Pro is also in development, featuring a faster processor.

Read more at ---> (4-minute read)I

Intel Eyes Anchor Investment in Arm's Upcoming IPO

Intel is reportedly in discussions with SoftBank's Arm to be an anchor investor in the chip manufacturer's imminent IPO. Arm, whose designs feature in many major semiconductor companies' chips, including Intel, AMD, Nvidia, and Qualcomm, aims to raise $8-$10 billion on Nasdaq later this year.

Read more at ---> (3-minute read)

Insight: This move is Market and potentially Industry-wide impactful. Intel's potential investment may signal a shift in the semiconductor industry dynamics. Furthermore, the success of Arm's IPO could stimulate the market, influencing the course of future tech IPOs.

Chatbots, Empathy Enhancers for Doctors

AI-driven language models, such as ChatGPT, are increasingly being used in medicine, aiding doctors in communicating with patients more empathetically. ChatGPT's potential to construct compassionate and understandable language allows doctors to better express their concerns and medical recommendations, helping in cases from breaking bad news to discussing treatment options. Some, however, raise concerns over the potential for inaccuracies and lack of human touch in such interactions.

Read more at ---> (10-minute read)

Insight: The adoption of AI chatbots in medical communication represents a significant industry-wide impact. It can reduce the cognitive load on physicians, allowing them to focus on critical tasks, while potentially improving patient experience by ensuring empathy in communication. However, the balance between AI assistance and human touch remains crucial.

TSMC Reports Record High May Revenue

TSMC reported a 19.4% sequential increase in revenue, reaching a four-month high of NT$176.54 billion (US$5.74 billion) in May 2023.

Read more at ---> (1-minute read)

🛍️ Digital Commerce, 🎮 Entertainment & 💬 Social Platforms

Google's Ad Tech Under Renewed EU Antitrust Scrutiny

The European Union (EU) is reportedly preparing a formal antitrust complaint against Google, targeting the tech giant's dominance in advertising technology. This follows similar action by the US Department of Justice and precedes potentially hefty fines.

Read more at ---> (5-minute read)

Insight: We're observing a Global-level impact as tech giants come under increasing international regulatory scrutiny. This development signifies governments' growing intent to enforce antitrust laws in the digital advertising space

FTC to Challenge Microsoft's Activision Acquisition

The Federal Trade Commission (FTC) plans to request an emergency court order to halt Microsoft's $75 billion Activision Blizzard deal. While there's no guarantee when or if the FTC will file for this order, Microsoft's Vice Chair and President Brad Smith express readiness to present their case in federal court.

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Twitter's New Era: Linda Yaccarino Unveils "Twitter 2.0" Vision

Linda Yaccarino, Twitter's new CEO, recently communicated her "Twitter 2.0" vision to employees and the public. She aims to transform Twitter into "the world's most accurate real-time information source" and foster open dialogue for societal progress. This follows a period of controversy and strategy shifts under Elon Musk.

Read more at ---> (6-minute read)

Global Gaming Industry Attracts Saudi's Savvy Games Group's $8bn Investment

Over the past 18 months, Saudi Arabia's Savvy Games Group has utilized a significant portion of its $38bn war chest to invest around $8bn in global gaming companies. Notable deals include acquiring stakes in China's VSPO, Sweden's Embracer Group, and US-based Scopely.

Read more at ---> (7-minute read)

Insight: This is a Global and Industry-wide event. Saudi Arabia's hefty investment, with still about $30bn left for potential deals, marks a strategic diversification move from its oil-centric economy to the gaming sector, which could prompt other nations and industry giants to reassess their strategies.

Grubhub Trims Workforce: 15% Cut Amid Market Pressures

Grubhub announces layoffs of 15% of its corporate workforce, approximately 400 employees, to maintain competitiveness amidst market challenges.

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💻 SaaS, ☁️ Cloud & 🛡️ Cybersecurity

Salesforce Develops Extensive AI Product Suite to Propel Next Tech Boom

Salesforce is planning a wave of new AI products, potentially sparking a significant tech industry upswing. Analysts from Goldman Sachs and Morgan Stanley anticipate a transformative impact on work life.

Read more at ---> (5-minute read)

Oracle Showcases Q4 Cloud Prowess and Promising AI Developments

Oracle's Q4 revenue exceeded expectations at $13.8 billion, 17% up YoY, backed by its thriving IaaS business and bolstered by generative AI workloads. The company reported net income of $8.5 billion for fiscal 2023. Oracle's IaaS reported over $2 billion in deals for its Oracle Gen2 Cloud, signaling strong demand for AI workloads, with Q4 sales surging by 77%.

Read more at ---> (8-minute read)

💰 Venture capital, 💳 Fintech & 🏢 Business

Surge in Bankruptcies Among Private Equity-Backed Companies

In 2023, bankruptcy filings from private equity-backed companies in the US soared, hitting the highest level since 2020. High debt servicing, tightened credit, and challenging market conditions contribute to the trend.

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Robinhood's Crypto Trading Volume Dips 68% to $2.1B in May

Robinhood reports a 68% YoY decrease in crypto trading volume in May, hitting $2.1 billion. The decline follows the platform's delisting of three tokens - ADA, MATIC, and SOL.

Read more at ---> (3-minute read)

China-Focused VC and PE Funds Witness Dramatic Decline in Funds Raised

The total USD raised by China-focused VC and PE funds plummeted from a peak of $48.6 billion in 2021 to $1.15 billion in 2023.

Read more at ---> (1-minute read)